The American economy might never have been stronger relative to the rest of the world than in 2024.
BUT more and more of that money is going to the very rich. If that continues, you can project the States will be come some kind of oligarchy. Perhaps even a totalitarian state.
Government power in an oligarchy rests with a small number of people; nobility, fame, wealth, education, or corporate, religious, political, or military control. Indonesia, Russia, Singapore, Saudi Arabia, Iran are all oligarchies.
The Economist still ranks the USA as a ‘flawed democracy‘ in their annual Democracy Index. Only 29th on the list of democracies.
The full democracies 2023:
- Norway
- New Zealand
- Iceland
- Sweden
- Finland
- Denmark
- Ireland
- Switzerland
- Netherlands
- Taiwan
- Luxembourg
- Germany
- Canada
- Australia
- Uruguay
- Japan
- Costa Rica
- United Kingdom
I want to live in a full democracy where it’s easiest to get rid of leaders the majority don’t want. As Churchill said: “democracy is the worst form of government – except for all the others that have been tried.”
The full democracies tend to have a smaller gap between rich and poor.
Russians can’t get rid of Putin. Ali Hosseini Khamenei has been the leader of Iran since 1989. Iranians can’t get rid of him.
Americans should be wondering whether they can get rid of Musk or Trump.
It’s obvious that the top 1% buy American politicians who vote in their interest. This chart is from 2014. Things are much worse in 2024.
At its heart, this is a problem of corruption – caused by money in our political system.
THE U.S. IS AN OLIGARCHY? THE RESEARCH, EXPLAINED
Thanks Tony.
Rick McCharles 